Payment Basis definition

Payment Basis means the Payment Amount payable in respect of the Notional Amount under the Cap-It Certificate. If the level of the Benchmark Interest Rate for the Calculation Period, expressed as an annual percentage, is not greater than the Cap Rate, expressed as an annual percentage, then the Payment Amount payable will be zero. However, if the level of
View Source
Payment Basis. [Bullet Redemption] [Scheduled Amortisation] [Pass-through] [Not Applicable]
View Source
Payment Basis. [Redemption at par] [Index Linked Redemption] [Bullet Redemption] [Scheduled Redemption] [Controlled Amortisation] [Pass-through]
View Source

Examples of Payment Basis in a sentence

  • Lump Sum Payment Basis - Invoice by deliverable, according to the table of deliverables.

  • Unit Cost Payment Basis: If unit costs by year are included, unit costs billed should correspond to the fiscal or calendar year, if applicable, in which the work was done.

  • Lump Sum Payment Basis - Invoice by deliverable, according to the ▇▇▇.

  • The Payment Basis is the process of capturing subcontract dollars no sooner than the time a contractor pays the subcontractor’s invoices.

  • This Payment Basis reporting method must be used for the entire contract term.

  • Cost Plus Fixed Fee Payment Basis: Rates, within the ranges indicated, will be agreed upon for use in calculating the maximum amount not to exceed.

  • Payments of the fixed remuneration shall be made on a 'Milestone Payment Basis' and the following Clauses 26 and 27 shall be substituted for Clauses 26-27 inclusive, of Section 2.

  • DIRECT LABOR LABOR/STAFF CLASSIFICATION YEARS OF EXPERIENCE HOURLY CONTRACT RATE Specified Rate Payment Basis - Contract rates to be billed.

  • When Payments shall be made on a 'Milestone Payment Basis' the following Clause 28.1 shall be substituted for Clause 28.1 of the Framework Agreement.

  • For Lump Sum Payment Basis - Invoice by deliverable, according to the table of deliverables.


More Definitions of Payment Basis

Payment Basis. [Redemption at par] [Instalment] [Hard Bullet Covered Bonds] [[●] per cent. of the nominal value] 13. Change of Interest Basis or Redemption/Payment Basis: [●]/[in accordance with paragraphs 17 and 18 below] 14. Put/Call Options: [Investor Put] [Issuer Call] [Not Applicable] 0090662-0000130 ICM:32418081.9 56 (a) Status of the Covered Bonds: Senior (b) Date [Board] approval for issuance of Covered Bonds obtained: [●]
View Source
Payment Basis means the basis of payment chosen such as fixed fee, hourly rate or contingency as set out in the Order Acceptance Form or as agreed in writing between the parties.
View Source
Payment Basis. Not Applicable [unless otherwise specified in the applicable prospectus supplement]
View Source

Related to Payment Basis

  • Consistent Basis in reference to the application of GAAP means the accounting principles observed in the period referred to are comparable in all material respects to those applied in the preparation of the audited financial statements of the Borrower referred to in Section 6.6(a).

  • Discounted Prepayment Determination Date has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Payment Determination Date means, with respect to any Payment Date, one (1) Business Day immediately preceding such Payment Date.

  • Calculation Amount means the Calculation Amount as specified in § 1 of the Product and Underlying Data.

  • Reset Determination Date means, in respect of the First Reset Period, the second Business Day prior to the First Reset Date and, in respect of each Subsequent Reset Period thereafter, the second Business Day prior to the first day of each such Subsequent Reset Period;